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Tesla’s Money Problem

An+concept+image+of+the+new+Tesla+Roadster.
An concept image of the new Tesla Roadster.

An concept image of the new Tesla Roadster.

Tesla

Tesla

An concept image of the new Tesla Roadster.

Noa Lawrence, Staff Writer

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These days, Tesla seems to be really good at two things – designing fast cars and inventing applicable safety technologies. However, the most impressive thing that Tesla has done lately is racked up tons of debt, both figuratively and literally.

Tesla recently announced that their Model 3 production is backlogged due to unforeseen manufacturing issues. No doubt, this has caused some serious problems for the company, but the true magnitude of these problems are hard to imagine. According to CarThrottle, Tesla is now spending over $8,000 every minute in order to reach their target output of Model 3 cars.

However, investors do not see this cash flow issue as an actual problem. Many investors believe that Tesla’s recent reveal of their semi truck and record-breaking roadster will keep the cash flowing in. These views conflict with those of Kevin Tynan, a senior analyst at Bloomberg Intelligence, who believes that, in order for Tesla to survive another year, they need a lot more investor money.

Only time will tell whether or not Tesla will survive this production and money deficit, but one thing is for sure – Tesla needs hundreds of dollars worth of investment money in order to reach their production goals.

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Tesla’s Money Problem